By THE PULSE NEWS MEXICO STAFF It will come as no surprise to most economists that the Mexican economy, which contracted by 0.1 percent in pre-covid 2019, once again registered a dramatic shrinkage in 2020. Despite constant assurances from leftist President Andrés Manuel López Obrador (AMLO) throughout the last 12 months that the nation’s economy was “on track” and would
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By KELIN DILLON Mexico’s National Institute of Statistics and Geography (Inegi) reported on Wednesday, Jan. 27, that 44.9 percent more people died of covid-related issues from January through August of 2020 than initially reported by the Mexican government, adding another layer of discord to the nation’s dismal handling of the coronavirus pandemic. The government previously reported that deaths during the
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XINHUA Consumer confidence in Mexico declined in November compared to the previous month after five months of increase, dragged down by greater pessimism about the economy and the covid-19 pandemic, the National Institute of Statistics and Geography (Inegi) said Friday, Dec. 4. The Consumer Confidence Index (CCI) stood at 36.7 units in November, one point lower than in October and
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XINHUA Mexico registered a record trade surplus of $6.224 billion in October, amid a rebound in exports, mainly to the United States, the National Institute of Statistics and Geography (Inegi) reported on Friday, Nov. 27. Exports in October totaled $41.945 billion, a year-on-year increase of 2.9 percent, underpinned by non-oil exports, the autonomous statistics agency said in a report. However,
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XINHUA Mexico’s economy faces an environment of uncertainty and risks, mainly due to the possibility of a second wave of novel coronavirus (covid-19) outbreaks, the governing board of the central Bank of Mexico (Banxico) said on Thursday, Nov. 26. In the recently released minutes of a Nov. 12 monetary policy meeting, the majority of the board’s five members said they
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XINHUA Industrial activity in Mexico showed no variation in September compared to the previous month, largely affected by a drop in construction, the National Institute of Statistics and Geography (Inegi) said Wednesday, Nov. 11. This was the worst performance for September since the index rebounded 18.4 percent in June, after the country began to reactivate some economic activities that had
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By KYLIE MADRY Foreign Meds to Flood In Mexico’s medicine shortage will come to an end, President Andrés Manuel López Obrador (AMLO) announced at his morning press conference Thursday, Oct. 29. The country signed a deal with the United Nations Office for Project Services (UNOPS) for 32 billion pesos to buy medicine from outside of Mexico, which, until a few
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By KYLIE MADRY Domestic, Sexual Violence Continue to Rise Domestic and sexual violence are on the rise for the 5th straight month in Mexico, according to statistics released by the Executive Secretariat of the National Public Security System (SESNSP) Sunday, Oct. 25. In September, 20,087 criminal complaints were filed for domestic violence. That’s the second highest month this year, after
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By KYLIE MADRY Dr. AMLO’s In Mexican President Andrés Manuel López Obrador (AMLO) reported testing negative for covid-19 Wednesday, Oct. 21, following positive cases among several of his cabinet members over the past week. He threw in his two cents at his morning press conference, telling Mexicans to eat healthy to avoid catching the virus. “Don’t eat in excess, don’t
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XINHUA Inflation in Mexico reached 4.1 percent in the first half of September, driven by the price of agricultural products, the National Institute of Statistics and Geography (Inegi) reported on Thursday, Sept. 24. In the first half of the month, the National Consumer Price Index (INPC) grew 0.16 percent compared to the previous two-week period, according to Inegi. In the
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